Contract Specialist Details

Contract Specialist

Innovative Defense Technologies (IDT) - Arlington, VA

Employment Type : Full-Time

Background Information:

Innovative Defense Technologies (IDT) is a provider of automated software testing, data analysis, and cybersecurity solutions for complex, mission-critical systems in the US Department of Defense (DoD). IDT is seeking a Contracts Specialist with 5+ years of DoD contracts experience to be a key partner in the strategic growth of our business.

Overview:

The Contracts Specialist will provide contractual guidance to business team members for their contract portfolio. This includes reviewing contractual terms of RFPs, acting as the focal point for communication between IDT and customers on contractual issues during contract execution, contract administration, and contract closeout. This position will be based in our Arlington, VA or Mount Laurel, NJ office as part of the Finance Team and reports to the Contract Manager.

The Contracts Specialist will manage a wide range of contractual documents and agreements within the DoD to provide for proper contract acquisition and fulfillment. S/he will be expected to demonstrate sound judgment and creativity in the resolution of contract issues within the confines of legal requirements, company policies, and customer specifications. Qualified individuals must have demonstrated experience in proposal preparation with special emphasis on reviewing contract terms and risks, as well as developing mitigation strategies for proposal submissions.

All applicants must be able to obtain/maintain an active U.S. Security Clearance.

Responsibilities Include:

• Lead the negotiation, execution, and administration of IDT contracts within their portfolio
• Serve as the interface between IDT and customer contracts organizations
• Support new business growth by working with program managers and other finance team members on contract proposal responses and negotiating contract awards
• Advise IDT management on procurement strategies, contractual rights, obligations, and risks
• Oversee the evaluation of contract performance to determine necessity for amendments or extensions of contracts, and compliance to contractual obligations
• Possess a general understanding of the business case and an appreciation of financial/analytical issues and profit and loss implications
• Maintain audit-ready contract files and submitting required contractual documents
• Other duties as assigned, including support to proposal cost volume preparation as needed

Minimum Required Qualifications:

• 5+ years of experience in DoD contracts administration.
• BA/BS Degree

Required Skills:

• Well-versed in Federal Acquisition Regulations (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), and International Traffic in Arms Regulations (ITAR)
• Thorough understanding of procurement strategies, ability to draft moderate to complex agreements, negotiations and contract formation, performance issues, and contract closeouts
• Ability to travel on occasion (<5%)

Preferred Skills/Experience:

• Experience with Department of Navy contracts
• Experience with cost type completion contracts
• Active membership in a professional contracts organization such as National Contract Management Association (NCMA) and familiarity with CMBOK (Contract Management Body of Knowledge) and Uniform Commercial Code (UCC)

Competencies:

• Organization, with keen attention to detail and accuracy
• Strong analytical skills and solution-focused and team-oriented mindset
• Ability to assess risks, problems and issues, and to develop recommended solutions
• High accountability to self and others

EEO Statement:

IDT is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, disability, protected Veteran status, or any other basis protected by federal, state, or local law.